Recently, the SEC announced that it has paid a $3M award to a group of whistleblowers who provided information to the agency about an alleged securities law violation that led to an SEC investigation. While the SEC gets a fair amount of attention for these kinds of cases, it’s not the only agency that not only investigates wrongdoing and pays whistleblowers for their help.
The Commodity Futures Trading Commission (CFTC) is a federal governing agency that regulates commodity futures and option markets in the US. Although the futures market began primarily in the agricultural sector, the futures industry has become much more complex, and the agency’s mandate has been expanded since its inception in 1974. Continue reading